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EXPLAINED: 23 | Vintage Vibes

Kospi’s mammoth 17% surge spells caution for Indian IT stocks. Why TCS, Infosys, others are down up to 5%

Indian IT stocks declined after renewed optimism around global AI and cloud spending after strong earnings from tech giants. Meanwhile, global AI sentiment improved after Microsoft and Amazon reported strong cloud growth, while South Korean chipmakers Samsung and SK Hynix rallied sharply on robust results.

The Economic Times

Microsoft sets record with near $450 billion single-day gain in market value

The software giant's shares closed up more than 15%, lifting its market capitalization to $3.35 trillion, ‌surpassing chip ⁠giant Nvidia's ⁠previous record one-day gain of $441 billion on April 9, 2025, according to LSEG data.

The Economic Times

Amazon to boost spending on AI and other technology by $20 billion after strong Q2 results

The Seattle-based company said Thursday that sales in its cloud computing unit called AWS rose 37% during the April-June period, faster than the 28% clip in the previous quarter and marking the fastest rate of growth in 18 quarters.

The Economic Times

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Amazon Stock Pops 9.5% After-Hours as AWS Fuels Earnings Beat: Jim Cramer Calls it 'Astonishing'

Amazon.com, Inc. (NASDAQ:AMZN) shares jumped Thursday after the company delivered stronger-than-expected second-quarter earnings, with investors and analysts praising accelerating Amazon Web Services profitability as evidence that returns on artificial intelligence investments are beginning to materialize.

Benzinga

South Korea’s Kospi rockets 17% after massive 3-day selloff. What’s behind the surge?

The KOSPI was up 17% at 6,549 points after tumbling nearly 17% over the previous three sessions, marking one of its steepest weekly declines, as fears of mounting competition from Chinese memory chipmakers triggered heavy selling across semiconductor stocks.

The Economic Times

South Korea’s Kospi index jumps more than 16% on a surge of chipmaking stocks

South Korea's Kospi index saw a significant jump, mirroring Wall Street's positive performance. AI-related stocks experienced a strong rebound after recent declines earlier in the week. Japanese markets also climbed, with technology and investment firms showing gains. Oil prices increased due to ongoing tensions and a closed key shipping route.…

The Economic Times

After 12 years and heavy layoffs, new Elder Scrolls Online lead says the MMO is "here to stay" with extra help from Bethesda proper and "all-new experiences in Skyrim" on the way

Zenimax Online is "entering a new chapter of collaboration across Bethesda"

GamesRadar

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Microsoft stock price rips on earnings, jumping a 'record breaking' 18% in a week — Wall Street *really* liked Microsoft's earnings

Microsoft's FY26 earnings report came in, and it has been taken extremely well on Wall Street, as investors reward $MSFT stock with a 20% bounce in less than a month.

Windows Central

Xbox revenues dipped $1.7 billion last year, but Asha Sharma predicts a 'return to growth' by mid-2027

The numbers are big and impressive, but the main message appears to be that Xbox isn't going anywhere.

PC Gamer

Microsoft Stock Surges as $41 Billion AI Bet Eases Wall Street's Biggest Fear

Microsoft shares rise after Azure growth and AI demand ease fears over its $41 billion infrastructure spending spree.

International Business Times UK

Microsoft’s $480 billion rally fuels a debate: Financial nihilism or the true AI moat finally coming into view?

The market seems to be in a “rip up the script every day” kind of mode, Steve Sosnick of Interactive Brokers told Fortune. Unless that changes tomorrow.

Fortune

Stocks Settle Sharply Higher as Microsoft Leads a Surge in Tech Stocks

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +1.66%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +3.36%. September E-mini S&P futures (ESU26 ) rose +1.65%, and September E-mini Nasdaq futures...

Barchart

Microsoft Surges, Meta Sinks As Investors Demand Returns From AI Spending

Wall Street is beginning to reward companies that are successfully converting AI investments into measurable returns and punish those who are not.

International Business Times

Nasdaq Soars 679 Points as Microsoft Pops: Stock Market Today

Surging long-term Treasury yields didn't hold stocks back on Thursday, as Wall Street cheered one Big Tech's blowout earnings report.

Kiplinger

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The Economic Times

US stocks: Amazon beats estimates for quarterly cloud revenue growth

Amazon Web Services cloud revenue surged significantly, surpassing market forecasts. This strong performance was fueled by increased enterprise artificial intelligence spending. Rivals Microsoft and Alphabet's Google also reported solid cloud revenue growth. Amazon's e-commerce business saw increased activity during its Prime Day event. The company's investments in AI infrastructure are…

The Economic Times

US stocks: US market ends sharply higher, lifted by soaring Microsoft

Wall Street surged on Thursday, led by chip stocks and Microsoft's strong forecast. Microsoft's forecast eased investor concerns about massive artificial intelligence infrastructure spending. Other tech giants like Alphabet and Meta faced pressure from significant AI investment costs. The PHLX chip index saw substantial gains, with several companies reporting increases.…

TechRadar

'Underdog' — this is why struggling browser Firefox and Ryan Reynolds' Wrexham football club are now joined at the kit

Why is Firefox sponsoring Wrexham AFC? The connection between the scrappy football club and struggling web browser is more obvious than you might think. We got to the bottom of it.

The Economic Times

US stocks: Microsoft adds $485 billion to investors' wealth as shares rise 15%. Check why

Microsoft shares experienced a significant surge on Thursday. The company anticipates continued cash generation through its new fiscal year. Cloud growth is projected to exceed Wall Street's expectations.

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Fortune

Microsoft’s stock has biggest one-day gain since 2008, adding $480 billion in market value as cloud business booms

Azure crossed $100 billion in revenue for the first time, and a new disclosure about OpenAI offered some respite.

Barchart

Steve Eisman Says Cutting AI Capex Would Sink the Market. Spending Too Much Could Be Just as Dangerous for Hyperscaler Stocks.

Steve Eisman warns that cutting AI capital expenditures could trigger a broad market selloff. But investors should also consider whether ever-rising hyperscaler spending carries risks of its own.

MarketBeat

Microsoft Just Flipped the AI Spending Narrative Overnight

Microsoft shares jumped over 16% after fiscal Q4 2026 earnings showed 43% Azure growth, sustainable CapEx guidance, positive free cash flow and rising analyst price targets.

Windows Central

After testing the Ultimate 3‑Mode, it’s clear 8BitDo built a controller that punches way above its price, but may not win over the couch console crowd

With a killer aesthetic, this 8BitDo pad is great for PC, but console players may want to wait for the official Xbox X25 controller.

The Economic Times

Microsoft CEO Satya Nadella's warning on AI: Companies that 'outsource thinking' may not survive

Microsoft CEO Satya Nadella cautions businesses about AI provider dependency. He urges companies to retain control over their data and AI outputs. Businesses should separate AI infrastructure from proprietary models for flexibility. This approach prevents providers from gaining undue operational knowledge. Such strategic control ensures long-term business survival and independence.

Benzinga

Stock Market Today: Microsoft Ignites Chip Rebound as SanDisk Jumps 24%

U.S. equities clawed back Wednesday’s post-Fed losses by midday Thursday, with a blowout cloud print from Microsoft Corp. (NASDAQ:MSFT) reviving the artificial intelligence trade and dragging beaten-down semiconductor names sharply higher.

The Independent UK

Xbox down: Microsoft explains bizarre outage – and prompts concerns about the future

Technical problems meant that players could not use their consoles – even if the game they were playing needed no connection to the internet

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Leopold Aschenbrenner

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